IAMGOLD Co. (NYSE:IAG - Free Report) TSE: IMG - Equities researchers at Raymond James lifted their Q4 2024 earnings estimates for IAMGOLD in a research report issued on Tuesday, January 14th. Raymond James analyst F. Hamed now expects that the mining company will post earnings of $0.18 per share for the quarter, up from their prior estimate of $0.16. Raymond James has a "Underperform" rating and a $6.00 price objective on the stock. The consensus estimate for IAMGOLD's current full-year earnings is $0.60 per share. Raymond James also issued estimates for IAMGOLD's Q1 2025 earnings at $0.20 EPS, Q2 2025 earnings at $0.19 EPS, Q3 2025 earnings at $0.20 EPS, Q4 2025 earnings at $0.20 EPS and FY2025 earnings at $0.79 EPS.
IAG has been the topic of a number of other reports. Canaccord Genuity Group raised shares of IAMGOLD from a "hold" rating to a "buy" rating and raised their price target for the company from $7.75 to $10.50 in a research note on Tuesday, October 22nd. National Bank Financial raised IAMGOLD from a "sector perform" rating to an "outperform" rating in a research note on Thursday, October 10th. Cibc World Mkts raised IAMGOLD from a "hold" rating to a "strong-buy" rating in a research note on Monday, December 2nd. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $6.00 target price on shares of IAMGOLD in a research note on Tuesday, October 22nd. Finally, Canaccord Genuity Group raised shares of IAMGOLD from a "hold" rating to a "buy" rating in a report on Tuesday, October 22nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $6.57.
Read Our Latest Analysis on IAMGOLD
IAMGOLD Price Performance
IAG traded up $0.15 during midday trading on Friday, hitting $5.60. 11,591,368 shares of the company traded hands, compared to its average volume of 11,463,815. The business has a 50 day simple moving average of $5.39 and a two-hundred day simple moving average of $5.03. IAMGOLD has a 52-week low of $2.23 and a 52-week high of $6.37. The company has a market capitalization of $3.20 billion, a price-to-earnings ratio of 4.37 and a beta of 1.56. The company has a current ratio of 0.89, a quick ratio of 0.61 and a debt-to-equity ratio of 0.24.
Institutional Trading of IAMGOLD
A number of hedge funds and other institutional investors have recently modified their holdings of IAG. ORG Partners LLC acquired a new stake in shares of IAMGOLD during the 3rd quarter worth approximately $29,000. Eastern Bank acquired a new stake in IAMGOLD during the third quarter worth $30,000. Aigen Investment Management LP raised its position in IAMGOLD by 10.6% in the third quarter. Aigen Investment Management LP now owns 70,244 shares of the mining company's stock valued at $368,000 after purchasing an additional 6,704 shares during the period. Geode Capital Management LLC lifted its stake in shares of IAMGOLD by 2.7% in the 3rd quarter. Geode Capital Management LLC now owns 264,288 shares of the mining company's stock valued at $1,392,000 after purchasing an additional 6,874 shares during the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in shares of IAMGOLD by 3.0% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 306,980 shares of the mining company's stock worth $1,154,000 after purchasing an additional 8,972 shares during the period. 47.08% of the stock is owned by institutional investors and hedge funds.
IAMGOLD Company Profile
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IAMGOLD Corporation, through its subsidiaries, operates as an intermediate gold producer and developer in Canada and Burkina Faso. It owns 100% interest in the Westwood project that covers an area of 1,925 hectare and located in Quebec; a 60% interest in the Côté gold project, which covers an area of 596 square kilometer located in Ontario, Canada; and a 90% interests in the Essakane project that covers an area of 274,000 square kilometer situated in Burkina Faso.
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